Word: loans
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Dates: during 1980-1989
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...cars a month, compared with 80 a year ago. General Motors Acceptance Corp., the biggest U.S. auto lender, repossessed 2.1% of its customers' cars in the nine months ending Sept. 30, which was 25% more than during all of 1987. One reason for the upsurge in bad loans is that auto lenders have gone after riskier customers, among them first-time car buyers and recent college graduates. Another problem is the longer term of today's auto loans: typically 48 or 60 months, instead of 36. Some buyers' cars fall in value faster than their loan balances, so they decide...
FASTEST-GROWING REPAIR BILL The official estimated price tag to bail out the Federal Savings and Loan Insurance Corporation, which guarantees the deposits of the troubled thrift industry, jumped from $20 billion at the start of 1988 to as much as $50 billion by year...
...more minorities here just on loan...
...Bill Bennett, a stereo, a loan, a pound of hash...
Imagine yourself as the owner of a bank and having a company president come to you saying, "Have I got a deal for you! Loan us enough money to help us buy our company back from the stockholders. We'll offer so much that they can't refuse. Then we'll streamline it by firing employees and selling subsidiaries...